Enhancing Customs Payment Mechanisms to Increase Budget Revenues within the Framework of Global Trade Policy

Authors

  • Fayzullayev Farrukh Sharofovich Independent Researcher

Keywords:

world market, foreign trade, export subsidies, quantitative restrictions, safeguard measures, import restriction measures, anti-dumping inspections, technical barriers to trade, anti-subsidy

Abstract

This article examines modern approaches to improving customs payment systems as an effective instrument for increasing budget revenues within the framework of global trade regulation. Particular attention is given to the role and significance of tariff and non-tariff measures applied by both developed and developing countries, highlighting their impact on trade flows and fiscal performance. The study analyzes how the efficient administration of customs payments contributes not only to regulating foreign trade but also to strengthening the revenue base of the state budget. Furthermore, the paper explores the evolving structure of customs policy in the context of intensifying global competition and increasing reliance on non-tariff instruments. It emphasizes the need to enhance transparency, compliance, and administrative efficiency in customs procedures in order to ensure stable and sustainable budget revenue growth. Based on the analysis, practical recommendations are proposed for improving customs payment mechanisms, optimizing tariff structures, and strengthening institutional capacity. These measures are aimed at increasing budget revenues, supporting domestic economic development, and enhancing the overall effectiveness of foreign trade policy in the global market.

References

[1] President of the Republic of Uzbekistan, Decree No. PF-5012, “On measures to improve the management system in the field of foreign trade,” Apr. 13, 2017.

[2] V. V. Sokolov, “Trends in the development of world commodity trade,” World Economy and International Relations, no. 2, pp. 40–47, 2011.

[3] V. Pankov, “Globalization of Economics,” World Economy and International Relations, no. 1, pp. 16–28, 2011.

[4] A. S. Bulatova and N. N. Liventseva, World Economy and International Economic Relations. Moscow: Master, 2010, pp. 183–188.

[5] A. V. Vakhabov, D. A. Tadjibayeva, and Sh. Kh. Khajibakiyev, World Economy and International Economic Relations. Tashkent: Baktria Press, 2015.

[6] N. Ivanov, “Innovation Sphere: Contours of the Future,” World Economy and International Relations, no. 5, pp. 44–51, 2010.

[7] Republican Scientific and Practical Conference, Innovative Aspects of Increasing the Efficiency of the Country’s Foreign Economic Activity: Foreign Experience, Modern Trends, Priorities, Tashkent: ToshDShI, 2017.

[8] JETRO, Invest Japan Report 2016. Tokyo, 2016.

[9] Ministry of Finance of Japan, Trade Statistics of Japan, 2016.

[10] World Bank, Trading Economics Data, 2016.

[11] World Trade Organization, World Trade Statistical Review 2016.

[12] United Nations, UN Comtrade, International Trade Statistics Database, 2016.

[13] World Trade Organization, “Goods Tariff Profiles,” available: https://i-tip.wto.org/goods/Forms/MemberView

[14] World Trade Organization, “World Tariff Profiles 2016,” available: https://www.wto.org/english/res_e/publications_e/world_tariff_profiles16_e.htm

[15] P. Krugman, “Increasing Returns and Economic Geography,” Journal of Political Economy, vol. 99, no. 3, pp. 483–499, 1991.

Downloads

Published

2026-04-12

How to Cite

Sharofovich, F. F. (2026). Enhancing Customs Payment Mechanisms to Increase Budget Revenues within the Framework of Global Trade Policy. Web of Scholars : Multidimensional Research Journal, 5(1), 38–45. Retrieved from https://journals.innoscie.com/index.php/wos/article/view/181